RSA's shares drop 20% as takeover deal with Zurich collapses
Stock market analysts downgrade their recommendations for RSA.
RSA's share price has dropped 20.12% to 407p following the termination of bid talks between RSA and Zurich.
When the Stock Exchange closed on Friday the price was 509.5p per share.
Zurich withdrew its offer for RSA after a reported deterioration in the trading performance of its general insurance business, which was impacted by the Tianjin explosion.
The sharp drop in shares did not come as a surprise to analysts in the market.
Outlook
Barrie Cornes, insurance analyst at Panmure Gordon stated
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